- Start a Business
- Private Limited Company
- One Person Company
- LLP Registration
- Section 8 Company
- 80G and 12A Registration
- Partnership Firm
- Sole Proprietorship
- Startup India Registration
- Nidhi Company
- Producer Company
- Public Limited Company
- Manage a Business
- Corporate Filings
- DSC & IEC
- Change Services
- Closure of Company
- MCA Filings
- Legal Services
Nidhi Company Annual Filing
A Nidhi Company is a company registered under the Companies Act, 2013 to develop Cultivating the habit of thrift and savings amongst its members only. It is also considered as an NBFC & has been exempted from provisions of RBI Act, 1935.Like all other business structures registered under the companies act, 2013, a Nidhi company is also required to fulfill certain compliances.
Best Compliance Firm For Your Company
Overview of Nidhi Company Annual Filing
A Nidhi Company is a company registered under the Companies Act, 2013 to develop Cultivating the habit of thrift and savings amongst its members only. It is also considered as an NBFC & has been exempted from provisions of RBI Act, 1935.
Like all other business structures registered under the companies act, 2013, a Nidhi company is also required to fulfill certain compliances which are as below:
• File form NDH-1 within 90 days from the close of the first financial year after its incorporation and where applicable, the second financial year.
• File form NDH-2 in case of non-compliance with the following:
- 1. To ensure 200 members in a financial year.
- 2. To maintain the Net owned funds to deposit ratio of 1:20.
• File form NDH-3 (half-yearly return) at the end of 30th September and 31st March every time.
• Form AOC-4: Filing of Financial Statements
• Form MGT-7: Annual Return
In case of non-compliance beyond the second financial year, Nidhi Company shall not accept any further deposits from the commencement of the second financial year till it complies with the provisions contained in rule 5 sub-rule (1) of Nidhi Company Rules 2014, besides being liable for penal consequences as provided in the Act.
Advantages of Nidhi Company Annual Filing
|CREDIBILITY & TRANSPARENCY||Proper compliance is the obligation of every company. This regular compliance helps the company in raising its credibility. In government tenders, loans, etc., the authority or banks, etc. consider the regular compliance as criteria for ensuring the credibility & transparency of an organization.|
|ACTIVE STATUS||As stated earlier, regular default in annual compliances results in striking down of name of the company by the registrar. So, annual compliance helps in marinating active status.|
|CLIENT ASSURANCE||clients that the company is regularly reviewing its operation. So, they can trust the company regarding their operations.|
|CORRECTNESS OF DATA||Annual compliance by the companies ensures that the data collected for annual compliance is correct.|
|AVOIDING PENALTIES||Many times small businesses end up with heavy penalties as they do not comply with annual compliances. So, regular annual compliances result in avoiding heavy penalties.|
Step 1:DOCUMENTS & OTHER INFORMATION Provide necessary documents required for compliance & other filing activities.
Step 2:COMPLETE ANNUAL COMPLIANCE Our Compliance expert advisor will help your Section 8 company to complete annual and other mandatory Compliance.
1. Memorandum of Association
2. Articles of Association
3. DSC & DIN of Directors
4. Incorporation Certificate
FAQ's Nidhi Company Annual Filing :-
The annual return is a mandatory filing to be made by all Companies in India. The Annual return along with the required documents must be filed with the Ministry of Corporate Affairs.
What Our Clients Say About Us
In this Journey, we had gained the trust of many startups and businesses in India and stands with 4.9-star rating in google reviews.
Great services and expertise. Highly recommended, Quick work and provided good support for the entire process. Made things very easier for us and I got my first ever Trademark for my product in just no time. I recommend their services to all the Startups for a hassle-free registration and other services. Again Thank You So Much Team Legal Suvidha... Good work...
Excellent service and has been very timely in response. They are very patient too and guided us with the right steps even though we approached them with very few days left before the deadline. I highly recommend them to other startups who need legal advice and do all the paperwork at the year-end. And we would approach them for all our future requirements as well.
We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. We highly recommend them. Best in class services. Thank you for helping me through the process and for prompt replies. All the Best in your Endeavors. I will surely consider them for future work.
Legal Suvidha filed my GST, Income Tax Returns for my business Happy by their service. They are Excellent, cost effective, efficient, co-operative & Genuine service providers keep up the good work in the future. Thank you for shaping my business in the right direction. I would suggest others to take up their services they are better than other competitions present in the market.